Tieng, chair of the House committee on banks and financial intermediaries, said in response that he cannot answer the question because it would depend on the respective board of these GFIs or GOCCs.
Castro pressed on to inquire if GSIS and SSS funds may eventually be utilized to bankroll the MIF even if the current version of the proposed law removed them from the list of money sources for the trust. “So balik ako, other GFIs, and government-owned and controlled corporations may be authorized to contribute to the MIF subject to their respective investment trees, et cetera… so sino po ‘yong mag-authorize, ito po ba ‘yong MIF board, or ‘yong board nila?” Castro raised.
GabrielLaluINQ Please don't...
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